Tuesday, 18th June 2013 | With 600 shares traded, West Indian Tobacco marched on to new record again in Tuesday’s trading as the stock jumped $1 to close at $114 on a day when 15 securities traded with 5 advancing, 1 declined and 9 traded firm. Guardian Holdings suffered the day’s sole decline, falling $0.45 to end the day at $16.00.
Trading in the main market resulted in 157,621 shares crossing the floor of the Exchange valued at $2,624,514. National Commercial Bank Jamaica traded 60,781 shares for $73,196. National Flour Mills had 30,000 shares trading for $22,500. ANSA Mcal exchanged 19,254 shares with a value of $1,294,200, while Grace Kennedy added 15,163 shares valued at $61,410 to the trading activity.
Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 95,425 shares valued at $2,147,063.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 6 stocks were higher, with 3 stocks that had offers lower than their last selling price, an improvement over Monday numbers. The Indicator points to continued moderate market gains ahead.
52 weeks high | Three stocks traded at new 52 weeks high with Unilever closing with a bid of $52.34 versus the closing price of $52.32 for 396 shares. The stock had 1,226 units trading on Tuesday, there was no stock on offer at the close. The same is true of One Caribbean Media which hit a new 52 weeks high of $17.30 with 800 shares trading.
This market seems poised to price certain stocks higher as supply for a number of them is low. But not all are likely to participate in upward price movement.
